SUPPLEMENT TO THE
DAILY MONEY FUND
U.S. TREASURY PORTFOLIO - CLASS B PROSPECTUS
DATED DECEMBER 20, 1996
The following information replaces the similar information found in the
table under the heading "Expenses" in the "Key Facts" section, on page P-3.
Maximum CDSC (as a % of the lesser 5.00
of original purchase price or A
redemption proceeds)
Maximum sales charge on reinvested distributions Non
e
Redemption fee Non
e
Exchange fee Non
e
A DECLINES OVER 6 YEARS FROM 5.00% TO 0%.
The following information replaces the similar information located on page
P-4.
EXPENSE TABLE EXAMPLE: You would pay the following expenses, including the
maximum front-end sales charge or CDSC, as applicable, on a $1,000
investment, assuming a 5% annual return and either (1) full redemption or
(2) no redemption, at the end of each time period:
If you purchased Class B shares directly in connection with the Program or
by exchange from a Fidelity Advisor equity or long-term bond fund.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 Year 3 5 10
Years Years Years
B
(1) $ 64A $ 74A $ 97A $ 129
(2) $ 14 $ 44 $ 77 $ 129
</TABLE>
A REFLECTS DEDUCTION OF APPLICABLE CDSC.
B REFLECTS CONVERSION TO INITIAL CLASS SHARES AFTER SEVEN YEARS.
The following information replaces the similar information located on page
P-16.
Class B shares purchased directly in connection with the Program will be
assessed a CDSC based on the following schedule:
From Date of Purchase Contingent
Deferred
Sales Charge
Less than 1 year 5%
1 year to less than 4%
2 years
2 years to less than 3%
3 years
3 years to less than 3%
4 years
4 years to less than 2%
5 years
5 years to less than 1%
6 years
6 years to less than 0%
seven years A
A AFTER A MAXIMUM HOLDING PERIOD OF SEVEN YEARS, CLASS B SHARES WILL
CONVERT AUTOMATICALLY TO INITIAL CLASS SHARES OF THE FUND.
Investment professionals with whom FDC has agreements receive as
compensation from FDC a concession equal to 4.00% of the amount of your
direct purchase of Class B shares.
SUPPLEMENT TO DAILY MONEY FUND
U. S. TREASURY PORTFOLIO: CLASS B
STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 20, 1996
Effective January 2, 1997, Class B shares of the fund may, upon redemption,
be assessed a contingent deferred sales charge (CDSC) based on the
following schedule:
From Date of Purchase Contingent
Deferred
Sales Charge
Less than 1 year 5%
1 year to less than 2 years 4%
2 years to less than 3 years 3%
3 years to less than 4 years 3%
4 years to less than 5 years 2%
5 years to less than 6 years 1%
6 years to less than seven years A 0%
A AFTER A MAXIMUM HOLDING PERIOD OF SEVEN YEARS, CLASS B SHARES WILL
CONVERT AUTOMATICALLY TO INITIAL CLASS SHARES OF THE FUND.
Investment professionals with whom FDC has agreements receive as
compensation from FDC a concession equal to 4.00% of the amount of your
direct purchase of Class B shares.
